https://www.taxtmi.com/caselaws?id=306063 The Tribunal upheld the deduction of investment funding charges against dividend income, citing commercial expediency and the nature of the assessee's business. The appeal was dismissed as no substantial question of law was raised, affirming the allowance of the expenditure as business expenditure under Section 36(1)(iii) of the Income-Tax Act. en-us Mon, 29 Sep 2008 00:00:00 +0530 Sat, 07 Jan 2023 14:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306063 The Tribunal upheld the deduction of investment funding charges against dividend income, citing commercial expediency and the nature of the assessee's business. The appeal was dismissed as no substantial question of law was raised, affirming the allowance of the expenditure as business expenditure under Section 36(1)(iii) of the Income-Tax Act. Case-Laws Income Tax Mon, 29 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306063